The weighted criteria matrix is a valuable decision-making tool that is used to evaluate program alternatives based on specific evaluation criteria weighted by importance. By evaluating alternatives based on their performance with respect to individual criteria, a value for the alternative can be identified.
How do you weigh a decision?
- Step 1: Describe Your Problem or Situation. Write down what decision needs to be made. ...
- Step 2: Gather Information. Talk with people with knowledge about your problem or situation. ...
- Step 3: Brainstorm Solutions. ...
- Step 4: Analyze the Solutions and Choose One. ...
- Step 5: Implement Your Solution.
Why is the allocation of weights to criteria important in making decisions?
The criteria are not all equally important. It is necessary , therefore to allocate weights to the items listed in step 2 in order to give them their relative priority in the decision (step 3). ... Then decision maker lists the alternatives that could succeed in resolving the problem (step 4).
What are the criteria in decision-making?
- Ease of implementation.
- Cost.
- Ease of modification/scalability/flexibility.
- Employee morale.
- Risk levels.
- Cost savings.
- Increase in sales or market share.
- Return on investment.
What is a list of pros and cons?
A pros and cons list is a chart that helps you make a decision . On the pros side of the list, you add all of the positive outcomes of a decision. On the cons side, you add all of the adverse outcomes.
What is the first step in the five step decision making process?
The 5 step decision making process involves : Step 1 : Identify your goal : The first step in decision making is determining your goal and keeping an eye on it . This simply means identifying the purpose of your decision by asking yourself what exactly is the problem that needs to be solved.
How do you evaluate alternative decision-making?
Evaluate alternatives by examining the benefits and drawbacks of each alternative . During the evaluation of alternatives, careful consideration is given to social, economic, and ecological factors that influence the predicted outcome. Encourage discussion and use visual aids to help explain alternatives.
How do you allocate weights to criteria?
Assign a relative weight to each criterion, based on how important that criterion is to the situation. This can be done in two ways: By distributing 10 points among the criteria , based on team discussion and consensus. By each member assigning weights, then the numbers for each criterion for a composite team weighting.
What are the 4 decision-making styles?
The four styles of decision making are directive, conceptual, analytical and behavioral options .
What are 3 types of decision-making?
Decision making can also be classified into three categories based on the level at which they occur. Strategic decisions set the course of organization. Tactical decisions are decisions about how things will get done. Finally, operational decisions are decisions that employees make each day to run the organization.
What are examples of criteria?
Criteria is defined as the plural form of criterion, the standard by which something is judged or assessed. An example of criteria are the various SAT scores which evaluate a student’s potential for a successful educational experience at college . Plural form of criterion. (nonstandard, proscribed) A single criterion.
What are the 7 steps in decision-making?
- Step 1: Identify the decision. You realize that you need to make a decision. ...
- Step 2: Gather relevant information. ...
- Step 3: Identify the alternatives. ...
- Step 4: Weigh the evidence. ...
- Step 5: Choose among alternatives. ...
- Step 6: Take action. ...
- Step 7: Review your decision & its consequences.
How do you write a list pros and cons?
First, write the decision you have to make at the top of a sheet of paper. Next, divide it in half vertically, and label one side “Pros” and the other “Cons .” Then, list all of the possible positive consequences of the decision in the pros column, and all the negative effects in the cons column.
What is full form of pros and cons?
The full form of PROS AND CONS is Pro Et Contra .
The pros and cons of something are its advantages and disadvantages, which you consider carefully so that you can make a sensible decision.
What are cons examples?
- New car is expensive.
- Old car runs fine.
- Insurance will cost more on the new car.
What are the 5 stages of decision making?
- Stage 1: Need recognition / Problem recognition. ...
- Stage 2: Information search. ...
- Stage 3: Alternative evaluation. ...
- Stage 4: Purchase decision. ...
- Stage 5: Post-purchase behavior.
